Loading...
HomeMy WebLinkAboutOrdinance 12704Ordinance No. AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE SPECIAL ASSESSMENT DISTRICT FUND IN THE AMOUNT OF $166,46100 FROM AVAILABLE FUNDS FOR THE PURPOSE OF PROVIDING FISCAL YEAR 1996-97 FUNDING FOR IlvIPROVEMENT DISTRICT NO 4, PROVIDING FOR A SEVERABILITY CLAUSE, MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES AND REPEALING ALL PRIOR ORDINANCES IN CONFLICT HEREWITH, AND PROVIDING AN EFFECTIVE DATE. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS SECTION 1 That in addition to those amounts allocated to the various City departments for the Fiscal Year 1996-97 and in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Special Assessment District Fund in the amount of $166,461 00 from available funds for the purpose of providing fiscal year 1996-97 funding for Improvement District No. 4 SECTION 2. Should any portion, section or part of a section of this ordinance be declared invalid, inoperative or void for any reason by a court of competent jurisdiction, such decision, opinion or judgement shall in no way impair the remaining portions, sections, or parts of sections of this ordinance, which said remaining provisions shall be and remain in full force and effect. SECTION 3 That this ordinance shall be cumulative of Ordinance No. 12629 and all other ordinances and appropriations amending the same except in those instances where the provisions of this ordinance are in direct conflict with such other ordinances and appropriations, in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed. SECTION 4 This ordinance shall take effect and be in full force and effect and after the date of its passage, and it is so ordained. APPROVED AS TO FO AND LEGALITY /~~ ` Assistant City Attorney ~l6 ~~~ Date T~" ©f ~~ Adopted Effective City of Fort Worth, Texas mayor and Council Comsaaunication DATI3 RBFEI2LNCS NDMBER LOG NAME PAGEi 10/08/96 BH-0160 13DISTR4 1 of 2 susJSCT APPROPRIATION ORDINANCE AND BENEFIT HEARING FOR FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO 4 AND LEVYING OF ASSESSMENTS FOR FISCAL YEAR 1996-97 FsECOMMENDATION ft is recommended that the City Council take the following action regarding Fort Worth Improvement District No 4 1 Hold a benefit hearing regarding the proposed property assessments for fiscal year 1996-97 on October 8, 1996, and 2 Close the benefit hearing, and 3 Adopt the attached ordinance which levies the proposed assessments, and 4 Adopt the attached appropriations ordinance increasing estimated receipts and appropriations by 5166,461 in the Special Assessment District Fund from available funds DISCUSSION On September 24, 1996, the Council adopted M&C G-11617 which directed that certain improvements and/or services (the "improvements")shall be provided in Fort Worth Improvement District No 4 during the 1996-97 fiscal year It also adopted the proposed assessment roll and provided notice of this benefit hearing The improvements to be provided and the costs thereof are Total Cost To Be Assessed Maintenance and Landscaping 5242,950 00 5137,461 00 Security Patrols 29,000 00 19,000 00 City Administrative Fee 10,000 00 10,000 00 Operating Expenses 8,750 00 0 00 Contingency 500 00 0 00 Homeowners Assn/Community Events 1,1 16.00 0.00 Total 5292,316 00 5166,461 00 Prints cn Rerycled Paper Caty of Fort Worth, 7"exas Mayor and Council Communication DATE RSFSRSNCS NUMBER LOG NAME PAGE 10/08/96 BH-0160 13DISTR4 2 of 2 SUBJECT APPROPRIATION ORDINANCE AND BENEFIT HEARING FOR FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO 4 AND LEVYING OF ASSESSMENTS FOR FISCAL YEAR 1996-97 The 5125,855 difference between total cost and assessments reflects a subsidy of 585,234 by the contractor, Hillwood Property Company, and a direct reimbursement of 540,621 from the City of Fort Worth for park maintenance All costs of improvements shall be assessed against private property located in the district and the owners of the property The City Manager has filed with the City Secretary a proposed assessment roll and an estimate of the assessments against each parcel Based on the appraised value of the property and considering the benefits to be received from the proposed improvements, it is the opinion of the City staff that each parcel of property will be enhanced in value by an amount equal to or more than the proposed assessments upon completion of the improvements in accordance with the contract FISCAL INFORMATION/CERTIFICATION The Director of Fiscal Services certifies that upon adoption of the attached appropriations ordinance, funds required for this action will be available in the current operating budget, as appropriated, of the Special Assessment District Fund CBf Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY Office by: (to) GS87 539120 002400097000 $166,461.00 APPROVED Charles Boswell 8511 GS87 488342 002400097000 $166,461.00 CITY COUNC IL Originating Department Ilead: OCT ~ 1~ Jim Keyes 8517 (from) ~~ For Additional Information Gity.S~creta of ate Wd'i~ C t t exas Gity oI Fort on ac : Nat O'Day 6669 t~ Printed on Regded Paper F~~opted Ord~rtanc~ No /~~~